Rajan and Acharya have argued that allowing corporate houses entry into the banking system could intensify the concentration of political and economic power in the hands of a few business houses.

Banks MD and CEO L V Prabhakar received the award from the organisers, a statement from the bank said.

The strike has been called after talks over wage revision failed to initiate with the Indian Banks Association (IBA). This would be the third bank strike this month, after the first one was observed...

About 85 lakh cheques and other bank instruments were not cleared by bank branches in Mumbai alone on the first day of the strike as half a lakh bank employees joined the protest against the govern...

It comes a day after its newly appointed administrator said that the moratorium could be lifted by Saturday.

Seeking a temporary forebearance of about a year, Mr Marathe requested prime minister Narendra Modi to "keep in abeyance, all norms relating to income recognition and assets classification, provisi...

India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said. She doesn't really believe that we...

The lender is creating a structure for what will be an in-house bad bank that will house all its bad loans and also buy bad assets from other lenders.

In the Union Budget for the financial year 2021-22, the government had announced its intent to take up privatisation of two PSBs in the year and approval of a policy of strategic disinvestment of...

The countrys largest lender, SBI, has reduced the interest rate on all staff loans (housing, education, vehicle, computer and personal) by 1%. The extra days salary will be paid to frontline staff...

The I-T department is pushing individuals to link PAN with Aadhaar and so far 17.4 crore individuals of the 37 crore with PAN have complied.

The company said the tie-up will further strengthen its digital leadership position and is part of an effort to make banking more inclusive and accessible to its growing consumer base.

Anil Ambani talks about his plans of monetising assets to reduce debt and his focus on capital-light businesses.

The move will help improve operating cash flows since investments in long-lead businesses like infrastructure and real estate create timing mismatch, which puts debt burden on the balance sheet,...

ET Wealth explains how these indicators can help you invest better and make more profit. You can find them on the websites of stock exchanges.

The prepaid card will be offered to Neokred's corporate partners across various sectors, including healthcare, financial institutions, NBFCs, oil companies, educational institutions, FMCG and...

The tax department has to move carefully as many small and genuine customers of cooperatives are having a tough time post demonetisation.

The bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures.

​​In a meeting to review the progress of various government schemes aimed at the welfare and upliftment of SCs, the Finance Minister urged banks to make proper digital records for jobs being outsou...

RBI said it had carried out a statutory inspection of private sector player Axis Bank with reference to its financial position as on March 31, 2016.

The lender expects the number of such customers, who are using the app for instant UPI-based payments and recharges, to double in the next three months, the company said in a statement.

"During Covid, there was some slow down in growth because we had tightened the criteria. We didn't want to take more risks. Now, as we see things opening up, credit demand is picking up. Customers,...

The author of "Good Economics for Hard Times" added that the slowdown in the economy will also adversely impact poverty alleviation in the country as urban and rural sectors are interdependent.

In absolute terms, gross bad loans stood at Rs 7,779.68 crore at the end of March 2021, lower than Rs 12,152.15 crore recorded in the year-ago period. Net NPAs came down to 2.48 per cent (Rs 2,544.32...

This comes as the government is expected to table the Fugitive Economic Offenders bill in the ongoing session of parliament.

During the meeting, the progress of various social security (Jan Suraksha) schemes, including Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri...

The funding comprises a direct ADB loan of $58 million and another $10 million concessional loan from the Canadian Climate Fund. The Canadian fund will also be routed through ADB.

As per the bank's policy on determination and disclosures on material events, PSB said it has declared this non-performing account (NPA) as a fraud account.

UIL Hong Kong Ltd, incorporated in Hong Kong and engaged in trading of ferrous and nonferrous metals, is a group company of Mumbai-based Ushdev International Ltd, which is currently facing corporate...

Peoples Bank of India is one out of the over 350 investors who participated in ICICI Banks Rs 15,000 crore QIP. The Chinese lender bought shares worth Rs 15 crores.

At the same time the bank is still pursuing its objective of a majority owned asset reconstruction company (ARC) and is waiting for the new set of guidelines from the Reserve Bank of India (RBI) said...

"Credit Suisse sold to UBS for $3 billion, (a) 60% discount to stock value at Friday closing," Uday Kotak tweeted. "(About) $600-bn balance sheet sold for $3-bn equity value. (About) $17 bn of AT1...

Bank credit also rose by 6.7 per cent to Rs 109.12 lakh crore in the fortnight ended September 10, RBI data showed. In the fortnight ended August 27, 2021, bank credit had increased by 6.67 per cent...

Ranked at Number 39, he is the only CMO of an Indian company to be featured in the illustrious list which includes marketing heads of Apple, BMW, Lego, Adobe, Microsoft, P&G among others.